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College: The Best Option for An
Uncertain Future
Recently, the National Bureau of Labor
Statistics reported approximately 1.1 million new
jobs became available to college graduates, while
2 million jobs disappeared during the same time period
for non-college graduates.
During this same time period, the unemployment
rate averaged 2.9% among college graduates compared
to 5.9% for the nation overall. |
- An associate (2-year) or bachelor's (4-year)
degree is required for 6 of the 10 occupations
projected to grow the fastest between now and 2012.
- Nine of the 10 fastest-growing occupations
are health or computer (information technology) occupations,
which often require post-high school education.
- There will also be many new jobs which require
little post-high school education created in service-related
sectors in the coming decade. However,
most of these jobs earn the lowest pay.
In fact, there is a direct link between
the income of most Americans and the education they
obtain:
On average, a college graduate
will earn about a million dollars more in his lifetime
than a high school graduate. |
- Over the past 25 years Indiana, the state
with the largest concentration of manufacturing jobs in
the country, has seen its manufacturing employment fall
from roughly 27% of the labor force in the late 1970’s
to under 18% in 2001. Many think that even if manufacturing
recovers, many of the jobs will never come back.
- Farming, another building block of the Indiana
economy, has experienced reductions and cutbacks in recent
years. The average annual growth rate through 2010 for
farmers is projected to be -2.5%.
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